Sphere Entertainment (NYSE:SPHR) Stock Jumps 8.7% – What’s Next?

Posted by Stanley Muller on Nov 5th, 2026

Sphere Entertainment Co. (NYSE:SPHR – Get Free Report)’s share price traded up 8.7% during trading on Thursday. The stock traded as high as $118.39 and last traded at $118.2860. Approximately 566,085 shares changed hands during trading, a decline of 27% from the average session volume of 777,911 shares. The stock had previously closed at $108.85.

Trending Headlines about Sphere Entertainment

Here are the key news stories impacting Sphere Entertainment this week:

Positive Sentiment: Revenue rose 4.5% year over year to $274.26 million, topping analysts’ expectations of about $269.7 million. Zacks also reported a quarterly loss of $0.98 per share versus its consensus estimate of a $1.79 loss, though that figure differs from the company’s reported EPS. Zacks earnings report
Positive Sentiment: Sphere’s The Wizard of Oz production had surpassed $500 million in ticket sales, with more than four million tickets sold since its August debut. The company also introduced expanded 4D effects, offering evidence of strong attraction demand. Third-quarter results
Negative Sentiment: The company reported a $4.84-per-share loss, wider than the $1.66 loss analysts expected and the $2.80 loss a year earlier. The gap between this reported figure and Zacks’ per-share loss measure makes the earnings picture mixed; the reported loss could weigh on investor sentiment. Report on stock reaction and quarterly loss

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPHR. Morgan Stanley cut their price objective on shares of Sphere Entertainment from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 27th. Weiss Ratings downgraded Sphere Entertainment from a “hold (c)” rating to a “sell (d-)” rating in a report on Friday, October 2nd. Craig Hallum lowered shares of Sphere Entertainment from a “buy” rating to a “hold” rating and set a $132.00 price target on the stock. in a report on Monday, October 5th. Guggenheim decreased their target price on shares of Sphere Entertainment from $208.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Finally, BTIG Research reduced their price target on Sphere Entertainment from $190.00 to $160.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.93.

Check Out Our Latest Research Report on SPHR

Sphere Entertainment Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $125.88 and a two-hundred day moving average price of $130.22. The firm has a market cap of $4.03 billion, a PE ratio of -42.34 and a beta of 1.72.

Sphere Entertainment (NYSE:SPHR – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($4.84) EPS for the quarter, missing the consensus estimate of ($1.66) by ($3.18). Sphere Entertainment had a negative return on equity of 1.38% and a negative net margin of 6.19%. The firm had revenue of $274.26 million for the quarter, compared to analysts’ expectations of $269.71 million. During the same quarter in the previous year, the firm posted ($2.80) earnings per share. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts forecast that Sphere Entertainment Co. will post -2.70 EPS for the current fiscal year.

Institutional Investors Weigh In On Sphere Entertainment

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in Sphere Entertainment by 114.2% in the third quarter. Assenagon Asset Management S.A. now owns 871,484 shares of the company’s stock valued at $117,162,000 after purchasing an additional 464,609 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Sphere Entertainment by 149.9% in the 1st quarter. Renaissance Technologies LLC now owns 559,935 shares of the company’s stock valued at $65,736,000 after purchasing an additional 335,900 shares during the last quarter. Artemis Investment Management LLP lifted its stake in shares of Sphere Entertainment by 118.9% in the 3rd quarter. Artemis Investment Management LLP now owns 447,982 shares of the company’s stock valued at $60,227,000 after purchasing an additional 243,376 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Sphere Entertainment during the 1st quarter worth $15,196,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Sphere Entertainment by 24.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 523,934 shares of the company’s stock worth $61,510,000 after purchasing an additional 104,192 shares during the period. Hedge funds and other institutional investors own 92.03% of the company’s stock.

About Sphere Entertainment

(Get Free Report)

Sphere Entertainment Co is an entertainment and media company focused on immersive live experiences and sports and entertainment programming. Its principal asset is Sphere, a next-generation venue in Las Vegas featuring a large exterior LED display, a high-resolution interior screen, advanced audio technology and immersive production capabilities.

Sphere presents concerts, residencies, films and other experiences, while its Sphere Studios business develops original content and technology for the venue and other immersive applications.